A Study on the Limits of Asset-Light Strategy and Resilience : Focusing on Industry-Specific Tangible Asset Effects in Korean Cold Chain Enterprises

Key Points

• This research aims to reassess the effectiveness of asset-light strategies on financial performance in Korean cold chain enterprises.
• Analyzed financial performance data from 50 logistics, food manufacturing, and distribution companies in Korea.
• Constructed panel data from 2022 to 2025 including quarterly financial metrics.
• Performed multiple regression analysis to examine industry-specific effects of asset concentration.
• Asset concentration positively influences operating profit margin with β=0.825 (p<0.05).
• Logistics and food manufacturing firms show significant benefits from asset ownership, enhancing profitability.
• Distribution firms experience a negative relationship between asset concentration and profit margin, indicating risks in asset rigidity.